MSME IN ASSAM: CONTRIBUTION TO EMPLOYMENT GENERATION AND CHALLENGES

The Micro
Small and Medium Enterprises in India are acting as power and spirit of
economic growthfrom many decades.The Micro, small and Medium Enterprises (MSME)
sector has emerged as a vibrant and dynamic sector of the Indian economy and
the sector play a crucial role in providing large employment opportunities at
comparatively lower capital cost than large industries. Also, Sometimes MSMEs
acts as a complimentary sector with the large scale industries in their production.
The main aim of the research article is to evaluate the contribution to the
economy for Employment generation as well as the problems faced by the MSMEs.

Keywords:
Assam,
MSME, Economic Contribution

1.Introduction

The
Micro, Small and Medium Enterprises (MSMEs) play a vital role for the growth of
an economy, especially in developing countries like India. The MSME considered
as engine of growth. This small scale enterprise has played an extremely
essential role in the socio economic development of a country (Chandraiah &
Vani, 2014 and Das & Das, 2011). They provide faster and immediate large
scale-employment and facilitate effective economic activities as well as
mobilize the resources. In India from many decades the MSME played a crucial
role in the development of the country. It is estimated that the total
contribution to the GDP from the MSME in the Indian economy is 37.54 % and
share of MSME manufacturing output in the total manufacturing output is 37.33 %
in 2012, according to the MSME Report 2015-16. In India, A Micro enterprise is
an enterprise where investment in plant and machinery does not exceed Rs.25
lakh. A Small enterprise is an enterprise where the investment in plant and
machinery is more than Rs.25 lakh but does not exceed Rs.5 crore. A Medium
enterprise is an enterprise where the investment in plant and machinery is more
than Rs.5 crore but does not exceed Rs.10 crores.

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